Morning Market Insight: Diethylene Glycol

I. Key Focus Points

1. The instability in the Middle East continues, but both Russia and Ukraine have hinted at a willingness to negotiate peace, leading to mixed movements in international crude oil prices.
2. This week, the average operating rate of domestic unsaturated resin plants was 35%, an increase of 7 percentage points from the previous period.
3. On October 20, total shipments from two storage areas in Zhangjiagang amounted to 1,220 tons, an increase of 95 tons compared to the previous day. As of now, inventory levels at Changjiang International and Fubao storage facilities stand at 17,700 tons.

Core Logic: Sustained rises in international crude oil prices and continuous restocking by downstream users have driven up the market for diethylene glycol (DEG), resulting in rapid transaction volumes.

II. Price Table

Notes:

1. All product prices refer to National Standard Premium Grade products.
2. Crude oil prices are in USD/barrel; the other three varieties are priced in RMB, unit: yuan/ton.
3. All RMB prices listed above are ex-warehouse, tax-inclusive prices based on spot exchange rates.
4. The change rate represents the week-on-week variation.

III. Market Outlook

According to Chempricehub news reported on October 22: Currently, the fundamentals for diethylene glycol (DEG) face virtually no pressure. Sustained demand is supporting the upward trend, and the market still shows signs of further gains. Amid this sustained rally, attention should be paid to downstream transaction activity.

Legend:

1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuation, highlighting data with changes within 0–3%.